Saturday September 19, 2020

Development opportunities to be found among the rooftops

Living over the shop is taking on a new meaning as developers start to add new storeys over shopping centres that can accommodate large numbers of apartments and offices

13th September, 2020
6
The Frascati shopping centre in Blackrock, Co Dublin: at least 45 apartments are to be built on top of the building

A combination of housing demand, lighter weight construction methods and changes to planning guidelines has seen a number of landlords, investors and developers seek to add extra storeys to existing buildings rather than demolish and rebuild.

We are also seeing the emergence of what may become a new trend in the Irish market – the sale of air rights. This would allow developers to purchase the right to build over an existing property.

John Bruder,...

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